BBVA is set to shake up the $600 billion annual global remittance market with the introduction of its newly launched digital money transfer tool aimed at simplifying the process.
Alliances between startups and established companies are increasingly used to foment corporate innovation. Entrepreneurs and executives offer us the keys to building a successful relationship.
Turning speech into text can be a simple and efficient solution for less proficient typists or for people in a hurry. For this purpose, there are currenlty quite a few tools and apps that allow users to dictate what they want to write and quickly turn it into text.
The main Spanish banking, energy and telecommunications companies, among other sectors, have established Alastria, the world’s first regulated national network based on blockchain. This non-profit consortium will develop the Ditributed Ledger Technology (DTL), which is set to become the new data exchange ecosystem and which will enable and accelerate the digital transformation of different industrial and business sectors in the coming years thanks to its agility, veracity, security and efficiency.
This year’s event, which will be held in Toronto, will be attended by Alicia Pertusa, BBVA’s Head of Digital Transformation, CIB, and BBVA’s Head of Securities Services Alexis Thomson, who will share insights into the integration of blockchain in financial services and the challenges and opportunities brought on by this exponential technology.
Madrid will host Wednesday the first BBVA Open Summit, an event that brings together startups, entrepreneurs and experts in innovation, all of them disposed to shake the financial services sector.
Sending money to friends and family just got faster, more convenient, and a lot more personal. A new online app-based (iOS and Android) service called Tuyyo, launching Monday and powered by BBVA, will upend the $73 billion annual market for remittances to Latin America and the Caribbean from the United States. Globally, the remittance market is set to exceed $600 billion this year and reach close to $629 billion in 2018.
BBVA now has more than 15m mobile active customers across its global footprint, as its digital strategy continues to prove a success.
In the United States, there are already $20 billion under management by robot advisors and for the moment, the numbers testify to the success. Improving their knowledge of the investor could turn robo-advisors into a financial tool of the first order.